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    124 Bushnell Plz Bushnell, FL 33513
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    Property profile & analytics

    124 Bushnell Plz, Bushnell, FL 33513

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    • Retail space
    • 5,340 SF
    • 0.16 lot acres
    For Sale
    $499,000
    View Listing →
    Downtown Bushnell Commercial Building For Sale For Sale
    $499,000
    5,340 SF

    Downtown Bushnell Commercial Building For Sale

    Commercial building in Bushnell's central business district, ideal for various uses.

    124 BUSHNELL PLZ, Bushnell, FL 33513
    View Listing
    Property ID
    US18-4761767
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auction House / Trade Show Venue / (Bike/Boat/Book/etc) Store

    Property Details for 124 Bushnell Plz

    Year built
    1915
    Construction
    STEEL FRAME
    Lot size
    0.16 lot acres
    Property type
    Retail space
    APN
    N16C026
    APU
    N16C026

    Description

    This exceptional 5,340-square-foot commercial building presents a rare opportunity in Bushnell, Florida's vibrant downtown central business district. Situated on a 0.16-acre lot, this property enjoys a highly desirable location bordering the city park, offering abundant parking. Its strategic placement provides immediate proximity to key community assets, including professional offices, a major bank, City Hall, and the Sumter Judicial Center. The building's size and flexible zoning (Central Business District) allow for diverse uses, making it ideal for a variety of businesses. Imagine a restaurant combined with professional office space catering to the needs of the downtown area, court system, and local government. The property's location in Sumter County, Florida, offers easy access to major transportation arteries, including Interstate 75 and the Florida Turnpike, facilitating convenient commutes to both Tampa and Orlando. Sumter County's growth, particularly with the expansion of The Villages development in close proximity to Bushnell, further enhances the property's long-term investment potential. This property is perfect for developers seeking a prime downtown location or end-users desiring high visibility and proximity to government and judicial services. The asking price is $499,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $771,000
      Market price range: $424k - $1.68M
      AI Estimate
      $385,000
      Market price range: $223k - $885k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bushnell
    County
    Sumter
    State
    Florida
    Longitude
    -82.1113
    Latitude
    28.664
    CBSA code
    45540
    CBSA name
    THE VILLAGES, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,787
    $24,160
    $242,460
    $266,620
    -
    $24,160
    $242,460
    $266,620

    Comparable in this City

    • Value Estimation by Request
      1,479 SF

      232 Main St

      RETAIL STORES (PERSONAL SERVICES)
      232 Main St, Bushnell, FL 33513-5911
      View Details
    • Value Estimation
      $840,000
      4,800 SF

      2491 C 48

      RETAIL STORES (PERSONAL SERVICES)
      2491 C 48, Bushnell, FL 33513-8959
      View Details
    • Value Estimation
      $1,745,000
      9,820 SF

      9301 C 476

      RETAIL STORES (PERSONAL SERVICES)
      9301 C 476, Bushnell, FL 33513-7733
      View Details
    • Value Estimation
      $1,300,000
      6,250 SF

      1427 C 48

      RETAIL STORES (PERSONAL SERVICES)
      1427 C 48, Bushnell, FL 33513-8973
      View Details
    • Value Estimation
      $510,000
      4,000 SF

      516 Main St

      RETAIL STORES (PERSONAL SERVICES)
      516 Main St, Bushnell, FL 33513-5112
      View Details
    • Value Estimation by Request
      4,500 SF

      510 Main St

      RETAIL STORES (PERSONAL SERVICES)
      510 Main St, Bushnell, FL 33513-5112
      View Details

    Similar Nearby for Sale

    • $499,000
      Pending

      Downtown Bushnell Commercial Building For Sale

      Commercial building in Bushnell's central business district, ideal for various uses.
      124 Bushnell Plz, Bushnell, FL 33513
      View Details
    • Contact for pricing
      2,519 SF

      Main Street Retail/Office Building

      Retail/office building in rapidly growing area near The Villages.
      232 N Main St, Bushnell, FL 33513
      View Details
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      Pending

      Downtown Commercial Building in Bushnell

      Commercial building in Bushnell's central business district near government offices.
      124 Bushnell Plz, Bushnell, FL 33513
      View Details
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      Pending

      Downtown Bushnell Commercial Building For Sale

      Commercial building in Bushnell's central business district, ideal for multiple uses.
      124 Bushnell Plz, Bushnell, FL 33513
      View Details
    • $1,250,000

      Historic Downtown Bushnell Commercial Opportunity

      Unique commercial property with two buildings in downtown Bushnell.
      120 N Main St, Bushnell, FL 33513
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34,141 SF

      Retail Endcap Space Available

      34,141 SF retail endcap with immediate availability.
      1122 N Main St, Bushnell, FL 33513
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 2,400 square feet.
      211 N Market St, Bushnell, FL 33513
      View Details
    • Contact for pricing

      Retail/Office Space Near Highway

      2000+ sqft retail/office space with highway exposure.
      5979 SW 20Th Dr, Bushnell, FL 33513
      View Details
    • Contact for pricing

      Prime Land in Growing County

      16+ acres of commercial land for lease in Bushnell, Florida.
      2082 W C 48, Bushnell, FL 33513
      View Details
    View Listing
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    Bushnell, FL 33513
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    124 Bushnell Plz, Bushnell, FL, 33513
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